July 2 (Reuters) - Metair Investments Ltd ::UPDATE REGARDING POTENTIAL TRANSACTIONS AND RENEWAL OF CAUTIONARY.IN REGARD TO POTENTIAL BEE TRANSACTION, METAIR HAS MUTUALLY AGREED WITH BEE CONSORTIUM.MUTUALLY AGREED WITH BEE CONSORTIUM THAT IT IS IN BEST INTEREST OF CO TO TERMINATE NEGOTIATIONS RELATING TO POTENTIAL BEE TRANSACTION.POTENTIAL BEE TRANSACTION NOT IN BEST INTEREST OF SHAREHOLDERS AT PRESENT.UNDER CURRENT CONDITIONS, METAIR'S MANAGEMENT FOCUS WILL BE ON "PRESERVING COMPANY'S BALANCE SHEET AND EARNINGS".REGARDING POTENTIAL DEAL, WILL PRESENT A FUNDING STRUCTURE WHICH IS IN LINE WITH ITS STRATEGIC OBJECTIVES.
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June 25 (Reuters) - Metair Investments Ltd ::UPDATE REGARDING POTENTIAL ACQUISITION OF TAB AND RENEWAL OF CAUTIONARY.CURRENTLY FOCUSSING ON MOST EFFECTIVE AND EFFICIENT DEBT FUNDING ALTERNATIVES FOR PURPOSES OF SETTLING PURCHASE CONSIDERATION.DETERMINED EQUITY FUNDING ALTERNATIVE MAY NOT BE MOST BENEFICIAL AND EFFICIENT MANNER IN WHICH TO FURTHER OBJECTIVES OF POTENTIAL ACQUISITION OF TAB.POTENTIAL TRANSACTION IS STILL IN ITS EARLY STAGES.
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June 1 (Reuters) - Metair Investments Ltd ::SUBMITTED AN INDICATIVE NON-BINDING OFFER TO ACQUIRE TAB TO CONTROLLING SHAREHOLDERS OF TAB.TRANSACTION IS STILL IN ITS EARLY STAGES.METAIR IS IN EXCLUSIVE DISCUSSIONS REGARDING POTENTIAL TRANSACTION, FOR WHICH INDICATIVE PURCHASE CONSIDERATION IS EUR 300 MILLION.PROBABLE DATE OF COMPLETION OF TRANSACTION IS UNCERTAIN AND, IF CONCLUDED, WOULD LIKELY ONLY OCCUR DURING FINAL QUARTER OF 2018.CO ENTERED INTO EXCLUSIVITY AGREEMENT WITH BLACK FEMALE OWNED EMPOWERMENT PARTNER IN RELATION TO 30% DIRECT SHAREHOLDING IN METAIR'S AUTOMOTIVE COMPONENTS VERTICAL.DEAL IS EXPECTED TO EXECUTE ON METAIR'S STRATEGY OF EXPANDING ITS ENERGY VERTICAL AND INDUSTRIAL CELL MANUFACTURING.SUCCESSFUL CONCLUSION OF POTENTIAL BEE TRANSACTION IS EXPECTED TO PROVIDE COMPANY WITH ADDITIONAL FUNDS WHICH MAY BE APPLIED TOWARDS POTENTIAL TRANSACTION.
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